Vedder Price is pleased to announce that Jay Novatney has joined Vedder Price as an Investment Services Shareholder in the Chicago office. Mr. Novatney joins Vedder Price after managing the legal, compliance and operations functions at two investment advisory firms over the last 13 years, most recently as Chief Operating Officer at PT Asset Management, LLC (PTAM) and previously as General Counsel & Chief Compliance Officer at Chicago Fundamental Investment Partners, LLC (CFIP).

Mr. Novatney handles all aspects of private fund product structuring and operation as well as Advisers Act and Commodity Exchange Act compliance. He focuses his practice on investment advisers and asset management firms and unregistered vehicles such as hedge funds, hedge fund of funds, private equity and other investment entities. Mr. Novatney has a wealth of experience across investment types and in complex structured products and financing transactions, including collateralized loan obligations and derivative instruments.

“Jay provides immediate depth in the private fund space and his passion for the legal side of the practice area is contagious,” said Joseph M. Mannon, Chair of Vedder Price’s Private Fund Formation group. Investment Services Co-chair Bruce A. Rosenblum added, “His knowledge of both the business side of investment management and the regulatory and compliance issues that go along with it adds tremendous value for our clients. We are thrilled to have him on board.”

“Returning to private practice at a firm with Vedder’s reputation and platform allows me to jump right back in without missing a beat,” said Mr. Novatney. “I’m excited to be a part of a legal team that is consistently focused on helping our clients succeed and for the opportunity to lend my experience to further grow our investment services and private fund groups.”

Prior to PTAM and CFIP, Mr. Novatney worked at Citadel Investment Group, LLC from 2001-2005 as a credit investment analyst. He started his career in 1996 as a corporate associate with Latham & Watkins LLP.

Mr. Novatney earned his J.D. from the University of Virginia School of Law and his undergraduate degree in engineering sciences from Harvard University, magna cum laude. He is a CFA® charterholder.

Recent developments on the wage and hour front will soon require employers to reexamine exemption classifications within their workforce.

Vedder Price is pleased to announce that Jay Novatney has joined Vedder Price as an Investment Services Shareholder in the Chicago office. Mr. Novatney joins Vedder Price after managing the legal, compliance and operations functions at two investment advisory firms over the last 13 years, most recently as Chief Operating Officer at PT Asset Management, LLC (PTAM) and previously as General Counsel & Chief Compliance Officer at Chicago Fundamental Investment Partners, LLC (CFIP).

Mr. Novatney handles all aspects of private fund product structuring and operation as well as Advisers Act and Commodity Exchange Act compliance. He focuses his practice on investment advisers and asset management firms and unregistered vehicles such as hedge funds, hedge fund of funds, private equity and other investment entities. Mr. Novatney has a wealth of experience across investment types and in complex structured products and financing transactions, including collateralized loan obligations and derivative instruments.

“Jay provides immediate depth in the private fund space and his passion for the legal side of the practice area is contagious,” said Joseph M. Mannon, Chair of Vedder Price’s Private Fund Formation group. Investment Services Co-chair Bruce A. Rosenblum added, “His knowledge of both the business side of investment management and the regulatory and compliance issues that go along with it adds tremendous value for our clients. We are thrilled to have him on board.”

“Returning to private practice at a firm with Vedder’s reputation and platform allows me to jump right back in without missing a beat,” said Mr. Novatney. “I’m excited to be a part of a legal team that is consistently focused on helping our clients succeed and for the opportunity to lend my experience to further grow our investment services and private fund groups.”

Prior to PTAM and CFIP, Mr. Novatney worked at Citadel Investment Group, LLC from 2001-2005 as a credit investment analyst. He started his career in 1996 as a corporate associate with Latham & Watkins LLP.

Mr. Novatney earned his J.D. from the University of Virginia School of Law and his undergraduate degree in engineering sciences from Harvard University, magna cum laude. He is a CFA® charterholder.

Shareholder Ryan S. Hedges recently contributed commentary and analysis to Law360 regarding the sentencing of former Trump campaign chairman Paul Manafort and the impact the sentence may have on future criminal cases. The article states that Mr. Manafort’s sentencing to a four-year prison term, “despite calls for a nearly 25-year term, is a reminder of just how much power judges have” over the special counsel’s investigation.

Mr. Hedges, a member of the firm’s Government Enforcement & Special Investigations group and former federal prosecutor, said the impact of the deviation from prosecutors’ recommendation for a much longer sentence in light of Manafort’s conduct in this case will play out as prosecutors attempt to convince others to cooperate and help them pursue complicated white collar schemes. “It’s really troubling from the government’s perspective the total lack of incentive that it provides to others to cooperate,” said Mr. Hedges regarding the sentence. He said that concern may push the government to appeal the sentence imposed by U.S. District Judge T.S. Ellis III.

Mr. Hedges, along with other white collar defense attorneys quoted, commented that Judge Ellis’s ruling in the Manafort case “was an outlier that shouldn’t be interpreted as a prediction of how other criminal indictments from the special counsel’s office could end up,” or even how Mr. Manafort’s second sentencing in a parallel DC case scheduled for later in March before U.S. District Judge Amy Berman Jackson will turn out. Mr. Hedges concludes his commentary noting it’s fairly likely Judge Jackson will choose to have Manafort serve his second sentence consecutively considering the sentence imposed by Judge Ellis.

To read the article and Mr. Hedges’s comments in full, please click here. (Subscription may be required.)

Recent developments will soon require employers with more than 100 employees to report their pay data to the U.S. Equal Employment Opportunity Commission (“EEOC”).

Recent developments on the wage and hour front will soon require employers to reexamine exemption classifications within their workforce.

Financial services professionals and in-house counsel are invited to the 31st Annual Banking Update, a complimentary half-day conference presented by the Vedder Price Financial Institutions group.

*Optional Lunch Will Be Served Immediately Following the Program

Community Bank CEO Panel:

Nicholas S. Giuliano
Chairman
Pan American Bank & Trust

Michael G. O'Rourke
President and Chief Executive Officer
Signature Bank

David V. Pinkerton
Vice Chairman and President
Lakeside Bank

 

Additional Panels

Mergers & Acquisitions and Capital Markets Update

Presentations by:

Allen G. Laufenberg
Managing Director
Keefe, Bruyette & Woods, A Stifel Company

Eric Ferdinand
Managing Director
Sandler O'Neill + Partners, L.P.

Compliance & Regulatory Update

Jeffrey M. Voss, C.P.A.
Managing Partner
Artisan Advisors, LLC

David Schroepfer
Partner
Wipfli LLP

 

Executive Compensation

Ed Steinhoff
Managing Director
Pearl Meyer

 

CLE Credit

Vedder Price is an accredited CLE provider in California, Illinois and New York; and, when possible, a sponsor in Virginia.

Please join us at the following session designed for in-house counsel and human resource professionals, led by the Labor & Employment attorneys of Vedder Price. At this complimentary session, we will discuss important legal updates and labor and employment best practices.

Event Details

Thursday, May 2 | 8:00 a.m. - 12:00 p.m. (CT)

Chicago Westin O'Hare | Rosemont, IL
6100 N River Rd, Rosemont, IL, 60018

Breakfast provided; Lunch to follow only for those participating in the UK/California breakout lunch session from 12:00 p.m. - 1:00 p.m.

Who should attend: This event is intended for in-house counsel and human resource professionals.

Agenda Topics

“Need to Know” Legal Developments
BIPA
Business Expense Reimbursements
Department of Labor Overtime Regulations
Prohibition on Seeking Wage History
Lactation Laws

Benefits Update
What makes your 401(k) plan a litigation target?
Unmatched SSNs and Benefit Plan Administration
Parental Leave Policies
Privacy Issues

Cybersecurity: What You Need to Do Now to Protect Your Workplace Data

NLRB Updates
The NLRB’s New Independent–Contractor Test: SuperShuttle DFW, Inc.
Handbook Rules Update
Alstate Maintenance: Section 7 Rights Revisited
What to Expect from The NLRB in 2019 and Beyond

Anatomy of a Defection: A Non-Compete Drama in Two Acts

Cannabis in the Workplace

Optional Breakout Lunch Topic

We invite you to stay to join us from Noon to 1:00 p.m., after our main program concludes, for our optional CLE breakout lunch session, entitled:

California & UK Employment Law Developments

CLE & HRCI Credit

Vedder Price is an accredited CLE provider in California, Illinois, and New York; and, when possible, a sponsor in Virginia.

This program will be submitted to the HR Certification Institute for review, once our agenda is finalized.

 

To learn more about other 2019 Vedder Works seminars and webinars, please click here.